Baijindai is an automobile-focused financing platform, which allows users to apply for loans to buy a car, and for investors to fund users' loans. Those seeking to buy a car can apply with the platform, which will audit the application materials, and will then post the user's loan request online for investors, according to the company's website.

Rongsheng Xinlian, established in December 2014, has monthly and daily transaction volumes of around RMB 400 mln and RMB 40 mln, respectively, and serves over 210,000 users.

Editor's Note: Xingda (Singapore) Group Holding is a transnational company engaged in industry investment, M&A, and resource integration.

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The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.